Foster & Motley Inc. Sells 607 Shares of Electronic Arts Inc. (NASDAQ:EA)

Foster & Motley Inc. reduced its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 9.8% in the 4th quarter, Holdings Channel.com reports. The fund owned 5,572 shares of the game software company’s stock after selling 607 shares during the period. Foster & Motley Inc.’s holdings in Electronic Arts were worth $815,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Geode Capital Management LLC grew its stake in Electronic Arts by 0.4% in the third quarter. Geode Capital Management LLC now owns 6,671,657 shares of the game software company’s stock valued at $954,358,000 after purchasing an additional 26,505 shares in the last quarter. Swedbank AB grew its stake in shares of Electronic Arts by 6.3% in the fourth quarter. Swedbank AB now owns 1,607,817 shares of the game software company’s stock valued at $235,224,000 after buying an additional 95,190 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in Electronic Arts by 51.5% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,099,746 shares of the game software company’s stock worth $160,893,000 after buying an additional 373,730 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in Electronic Arts by 28.1% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 940,942 shares of the game software company’s stock worth $134,969,000 after acquiring an additional 206,623 shares in the last quarter. Finally, Franklin Resources Inc. lifted its stake in Electronic Arts by 8.4% in the third quarter. Franklin Resources Inc. now owns 863,899 shares of the game software company’s stock valued at $124,548,000 after acquiring an additional 66,797 shares during the last quarter. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EA has been the topic of several recent analyst reports. BMO Capital Markets cut shares of Electronic Arts from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $160.00 to $145.00 in a report on Thursday, January 23rd. Robert W. Baird dropped their price objective on Electronic Arts from $175.00 to $158.00 and set an “outperform” rating on the stock in a research note on Thursday, January 23rd. Bank of America downgraded Electronic Arts from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $170.00 to $130.00 in a research note on Thursday, January 23rd. StockNews.com upgraded Electronic Arts from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 31st. Finally, Oppenheimer reduced their price objective on shares of Electronic Arts from $170.00 to $165.00 and set an “outperform” rating for the company in a research report on Tuesday, January 21st. Twelve investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $157.43.

Insider Buying and Selling

In other news, insider Vijayanthimala Singh sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $164.45, for a total value of $164,450.00. Following the sale, the insider now directly owns 30,216 shares in the company, valued at approximately $4,969,021.20. This trade represents a 3.20 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $166.47, for a total transaction of $832,350.00. Following the sale, the chief executive officer now directly owns 52,615 shares in the company, valued at $8,758,819.05. This trade represents a 8.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 25,000 shares of company stock worth $3,835,555. Corporate insiders own 0.22% of the company’s stock.

Electronic Arts Trading Up 3.6 %

Shares of Electronic Arts stock opened at $122.91 on Friday. The firm’s 50-day moving average price is $147.66 and its two-hundred day moving average price is $147.94. The company has a market capitalization of $32.24 billion, a price-to-earnings ratio of 31.60, a PEG ratio of 2.38 and a beta of 0.80. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a 12-month low of $115.21 and a 12-month high of $168.50.

Electronic Arts Profile

Electronic Arts Inc develops, markets, publishes, and distributes games, content, and services for game consoles, PCs, mobile phones, and tablets worldwide. It develops and publishes games and services across various genres, such as sports, racing, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, The Sims, Apex Legends, Need for Speed, and license games from others, including FIFA, Madden NFL, UFC, and Star Wars brands.